DouYu International Holdings Ltd ADR (DOYU) Volatility Spurs A Quest For Clarity

With over 9.86 million DouYu International Holdings Ltd ADR (DOYU) shares trading Friday and a closing price of $0.95 on the day, the dollar volume was approximately $9.37 million. The shares have shown a negative half year performance of -9.52% and its price on 12/29/23 gained nearly 6.55%. Currently, there are 319.78M common shares owned by the public and among those 316.28M shares have been available to trade.

Shares of DouYu International Holdings Ltd ADR (NASDAQ: DOYU) opened at $0.90, up $0.01 from a prior closing price of $0.89. However, the script later moved the day high at 0.9500, up 6.55%. The company’s stock has a 5-day price change of 27.64% and -2.42% over the past three months. DOYU shares are trading -32.14% year to date (YTD), with the 12-month market performance down to -27.48% lower. It has a 12-month low price of $0.70 and touched a high of $2.12 over the same period. DOYU has an average intraday trading volume of 961.14K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 26.07%, 13.58%, and -5.32% respectively.

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Institutional ownership of DouYu International Holdings Ltd ADR (NASDAQ: DOYU) shares accounts for 18.08% of the company’s 319.78M shares outstanding.

It has a market capitalization of $303.79M and a beta (3y monthly) value of 1.03. The stock’s trailing 12-month PE ratio is 15.20, while the earnings-per-share (ttm) stands at $0.06. The company has a PEG of 0.42 and a Quick Ratio of 4.56 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.33% over the week and 6.90% over the month.

Analysts forecast that DouYu International Holdings Ltd ADR (DOYU) will achieve an EPS of -$0.02 for the current quarter, $0 for the next quarter and $0.03 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of -$0.02. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to increase by 310.44%, and -95.42% over the next financial year. EPS should grow at an annualized rate of 36.31% over the next five years, compared to 33.72% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate DouYu International Holdings Ltd ADR (DOYU) as a “Moderate Sell” at a consensus score of 4.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 3 rated it as a “Sell.”

Looking at the support for the DOYU, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on April 14, 2023, with the firm’s price target at $1.10-$1.20.

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